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In an effort to tap institutional investors' demand for information about Puerto Rico's tumbling debt, San Juan-based financial advisory firm REOF Capital LLC started a research division dedicated solely to municipal bonds issued by the commonwealth's key players.
October 8 -
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Municipal analysts and strategists are looking in the health care and housing industries and at credits with intermediate maturities for potential bargains that may be created by irrational fears over the government shutdown and the debt ceiling.
October 7 -
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Volume will continue to increase, though it will remain on the lighter side in the week after the U.S. government shut down.
October 6 -
The tax-exempt market was dominated in the past week by headlines concerning the government shutdown, the debt ceiling, Puerto Rico downgrades, and continued outflows from municipal bond funds, all creating a push-and-pull in the marketplace that left yields unchanged.
October 4 -
Muni bond mutual funds recorded their 19th straight week of outflows, at $690 million, as demand for tax-exempts stumbled.
October 4 -
Table as of: 10/03/2013 12:19 PM Invisible Supply Issuer and purpose Amount
October 4 -
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Advisory firm Clark Capital Management Group created a new fund that uses munis to hedge against interest-rate risk and formed a partnership with longtime muni pro Jonathan Fiebach to run it.
October 3 -
The total net assets of tax-exempt money market funds dipped to $263.15 billion after $588.70 million of outflows in the week ended Sept. 30, the third consecutive decline, according to The Money Fund Report, a service of iMoneyNet.com.
October 3 -
Clark Capital Management Group, a family- and employee-owned investment advisory firm that manages $3 billion in assets, appointed Main Point Advisors, Inc. to sub-advise its new Navigator Duration Neutral Bond Fund.
October 3 -
Table as of: 10/02/2013 13:01 PM Invisible Supply Issuer and purpose Amount
October 3 -
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The municipal market is prepared to withstand a congressional impasse over raising the debt ceiling this month as a U.S. credit downgrade that roiled the tax-free market during the 2011 debate is considered unlikely to recur this time around.
October 2 -
After the Fed decided not to taper its stimulus program, muni investors may want to grab an airbag, as the market faces likely volatility in interest rates, fund flows, potential issuance and municipal bond relative attractiveness.
October 2
